Register

Get world class research developed by an in house team of professionals backed with strong institutional support. With reports that span across time horizons, styles and easily actionable strategies, you are never too far from executing a winning trade.

Key features and benefits of Registeration :

My Portfolio : Access 360° View not only of your Portfolio with Emkay, but all your Investment Portfolios

Forgot password

Change password

Forgot Customer Code

Markets trade in red; power, healthcare stocks drag

Share

Source By

Dion Global

09 Jan 2017

Despite positive cues from fellow Asian peers, Indian equity benchmarks were trading in a narrow range with negative bias during the afternoon session on Monday as third quarter earnings season kicked in, with traders cautious that the demonetisation move would hit corporate earnings.

At 1:11 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,738.79 down by 20.44 points or 0.08 per cent while the NSE Nifty was at 8,239.3 down by 4.5 points or 0.05 per cent.

Meanwhile, investors keenly eyed the IT bellwether Tata Consultancy Services and rival Infosys Q3 report cards which will be unveiled on Thursday and Friday respectively, influenced sentiment at D-Street.

Moreover, Finance Minister Jaitley said indirect tax collection in December month rose 14.2 per cent Y-o-Y, while direct tax collection up 12.01 per cent during the same month.

Market witnessed selling pressure mainly in the power and healthcare sector stocks.